Mizuho Reiterates “Neutral” Rating for Travel + Leisure (NYSE:TNL)

Travel + Leisure (NYSE:TNL)‘s stock had its “neutral” rating restated by equities research analysts at Mizuho in a report released on Thursday,Benzinga reports. They currently have a $64.00 target price on the stock, up from their prior target price of $55.00. Mizuho’s target price indicates a potential upside of 15.84% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on TNL. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. Morgan Stanley assumed coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. Tigress Financial lifted their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Truist Financial lifted their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Travel + Leisure Trading Down 3.3 %

Shares of TNL stock opened at $55.25 on Thursday. Travel + Leisure has a 12 month low of $39.91 and a 12 month high of $58.95. The stock has a 50 day moving average of $53.09 and a two-hundred day moving average of $49.48. The company has a market capitalization of $3.78 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the prior year, the firm posted $1.98 EPS. Travel + Leisure’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure will post 6.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of institutional investors have recently modified their holdings of TNL. Norges Bank bought a new stake in shares of Travel + Leisure in the fourth quarter valued at about $45,804,000. Algert Global LLC lifted its holdings in shares of Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Travel + Leisure by 25.1% in the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock valued at $45,299,000 after purchasing an additional 180,059 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after purchasing an additional 138,153 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.